Foodstuffs grows as Countdown slows
posted on 9th August 2016
As Australian-owned chain Countdown plans to close six supermarkets, Foodstuffs is planning to open seven new stores under its Pak'n'Save, New World and Four Square franchises - all outside Auckland. 11 other stores are to be refurbished.
Foodstuffs' general manager for property development, Lindsay Rowles, said many growth opportunities existed for retail development in New Zealand.
"Consumers are becoming more discerning about where they shop," said Rowles. "Some want more modern facilities and a wider range of products, while others are focussed on cost savings and environmental sustainability. We are well aware of all those factors, and are investing in order to cater for these needs well into the future."
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